Hours Worked for Transportation and Warehousing: Rail Transportation (NAICS 4821) in the United States
Percent Change from Year Ago
IPUIN4821L201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.60
Year-over-Year Change
-161.54%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' series measures the annual change in industrial production, providing insight into the health and trajectory of the U.S. manufacturing sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the year-over-year percent change in the Federal Reserve's industrial production index, which measures the real output of the U.S. manufacturing, mining, and electric and gas utility sectors. It is a key barometer of the nation's industrial activity and a widely monitored measure of economic performance.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Economists and policymakers closely follow this trend to assess the strength of the industrial economy and inform decisions on monetary and fiscal policy.
Key Facts
- The industrial production index covers approximately 75% of the output of the U.S. industrial sector.
- Manufacturing accounts for the largest component of the industrial production index at around 75% of the total.
- The industrial production index is a monthly economic indicator, released by the Federal Reserve around the 15th of each month.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series measures the annual percent change in the Federal Reserve's industrial production index, providing insight into the health and direction of the U.S. manufacturing and industrial sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key barometer of the nation's industrial activity and a widely monitored measure of economic performance, making it essential for economists, policymakers, and market analysts to assess the strength of the manufacturing and industrial economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities across the manufacturing, mining, and utility sectors.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely follow the 'Percent Change from Year Ago' in industrial production to gauge the strength of the industrial economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production index is released by the Federal Reserve on a monthly basis, typically around the 15th of each month, with a relatively short lag period from the end of the reference month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN4821L201000000), retrieved from FRED.